so the Fed cuts were good for a couple weeks....now will SPY test 125 again soon? looks like it

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The Fed cuts have had no effect what so ever. The market is much lower than when the cuts began, and the reason is simply that the low rates, cheap dollar, increasing US debt, high commodity prices are all tied in together and part of the problem. Its not a problem we can fix by lower and lower rates. Go to zero, it still wont help, Japan tried it in the 90's too.